Skoda Tubes Restricted IPO: Chrome steel product tube and pipe -making IPO noticed large response from the market. This IPO has subscribed to 57.37 instances the final day of subscription on 30 Might. Clarify that the worth band of this IPO is ₹ 130-140 per share. On the second day of bidding, this IPO was subscribed at 8.11 instances on Thursday. By the third and final day, the determine reached 57.37 instances. Based on NSE knowledge, buyers bid for 63.70 crore shares towards 1.18 crore shares. Earlier, the corporate had raised ₹ 66 crore from anchor buyers. How a lot was the subscribe by which quota? Non-esophagus buyers (NII) subscribed 121.72 instances their reserve quota. Retail buyers bid 20.89 instances the quota whereas the certified institutional consumers (QIB) bid 72.97 instances their share. Candidates are anticipated to be allotted shares on June 2. Together with this, the corporate’s shares shall be listed on NSE and BSE on June 4, 2025. The corporate is in a plan to boost ₹ 220 crore from this IPO. The revenue from IPO shall be utilized by the corporate to extend the manufacturing capability of seamless and welded tubes and pipes, assembly working capital necessities and for common company functions. What’s the firm associated information varieties scoda tubes scoda tubes stainless-feel tubes and pipes. It makes seamless tubes and pipes. These are pipes that wouldn’t have a welding addition, appropriate for prime stress and temperature purposes. Equivalent to: stainless-steel seamless pipe, stainless-steel seamless tube, stainless-steel, seamless “U” tube, stainless-steel instrumentation tube. Together with this, the corporate additionally makes welded tubes and pipes which are price efficient for varied industrial makes use of and supply efficient options. What number of are the most recent GMP? Based on the platforms monitoring the IPO’s grey market premium, Skoda Tits are buying and selling on a premium of about ₹ 24 within the share unlisted market of Restricted. That’s, its GMP is at present about 17%.
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